SHIB ready to pump again?

10 Okt 2021

Shiba Inu seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 0.00004120 and even higher. Will SHIB get it's bone?🦴🐕

• ENTRY: local high @ 0.00002787
  
• SL: local low @ 0.00002540
  
• TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00004120
  
• RRR: 5.4
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

11 Okt 2021

Dagangan aktif

Order filled ✔️

11 Okt 2021

Nota

Running well. We need to break these 2 resistances (shown on chart below) to get to the target. 🦴

11 Okt 2021

Nota

SHIB's next try to break the resistance:

11 Okt 2021

Nota

Failed again, resistance still holding. Strong selling pressure. Will the orange uptrendline support the price and boost it higher?

12 Okt 2021

Nota

Going as expected. Orange uptrendline providing support while the resistance didn't allow price going higher. I think the price could break up through the resistance in a few hours.

12 Okt 2021

Nota

So SHIB broke down actually. Now needs to hold the support zone - previous local range high (BUY STOP-LIMIT blue), range midpoint (lime) and triangle lower edge (yellow uptrendline)

12 Okt 2021

Nota

The BUY STOP-LIMIT (entry point) holding quite well for now. Will we see sort of price action like this? 👇

13 Okt 2021

Nota

Bounced up to the red downtrendline and now is back down testing the yellow uptrendline. Will it hold?

15 Okt 2021

Dagangan ditutup: hentian tercapai

SL hit. The yellow uptrendline didn't hold and SHIB got slammed. I'm out, but monitoring further. Will post new idea if I see anything.

20 Okt 2021

Nota

New idea down below, posting here bit late: